Archive for July, 2010

Calculating Monthly Installments for Bad Credit Auto Loan

Friday, July 30th, 2010

When applying for a bad credit auto loan, the borrower should be aware of the fact that the rate of interest charged for these loans is higher than that of conventional loans. Therefore, it is best to pre calculate what sort of monthly installment can be afforded in these loans. The expected EMIs can be reduced by either decreasing the loan amount (going for used cars or cheap cars), increasing the loan term or by increasing the down payment involved. Read More…

Procedure of Searching for Bad Credit Auto Loans Online

Friday, July 30th, 2010

The internet has totally reformed the way in which the world does its tasks as most of the businesses around the world run on the power of internet. Even the lending industry saw greater heights in the number of applications and loans borrowed after the introduction of online lending. However, this process is still quite new and most of the population doesn’t know how to find the financing services online. Moreover, in the case of bad credit auto loans, the best options are still considered dealerships and offline lenders. You can know the process of looking for bad credit auto loans online by reading the following lines: Read More…

The Five Options for Financing Auto Loans:

Thursday, July 29th, 2010

When applying for auto loan, there are various options; from getting the loan directly from the dealer to finding a lender who suits your needs online. Below are five different options; weigh your options and make a decision for yourself. Read More…

Tips to Get Your Auto Loan Approved with a Good Interest Rate

Wednesday, July 28th, 2010

Auto loan facilities allow most of the population to drive their own cars without having to worry about arranging the finances required to buy one. The borrower just has to ensure that the monthly installments for the loan are paid off in time. However, it is seen that there are many borrowers who are unable to ensure even that. One of the major reasons behind this occurrence is the high interest rate charged by car dealerships or lending institutions. Read More…

Importance of Credit Rating When Getting a Bad Credit Auto Loan

Tuesday, July 27th, 2010

Everyone needs a car but not everyone has the perfect credit to obtain the loan for that vehicle, because they have bad credit or poor credit rating. Many people rarely want to admit they have bad credit. This is because there’s a stigma attached to it. However, with the recent widespread financial difficulties, poor credit scores has become commonplace. Read More…

What You Should Know About Bad Credit Auto Loans

Monday, July 26th, 2010

Most people who have had their loan applications turned down because of having a bad credit history wonder what options they have left. It is important to note that a bad credit rating does not translate into lack of financing when you want to buy a car. If you have the right strategy and a good plan you will definitely be eligible to get a bad credit auto loan. If you want to increase your chances and be better placed to qualify for a bad credit auto loan there are a number of things you should take into consideration. First of all, you should ensure that you get an affordable car which you will not find hard to pay back. Read More…

How to Get a Bad Credit Auto Loan

Sunday, July 25th, 2010

We all want the nice things life; a luxurious house, flashy car, that vacation to the Caribbean… Well, here is some good news for you; you do not need to work to the grave before you realize this dream. For example, let us take that car you all so want, it may be out of your reach when you look at your savings but if you get an bad credit auto loan then you have your dream car and a comfortable repayment plan that suits your income. Yes, it is that’s easy and we are going to look at the process of getting that loan. Read More…

Getting Rid of Bad Credit Problems Using a Bad Credit Auto Loan

Saturday, July 24th, 2010

Bad credit situation is not an admirable status to find yourself in.  Sometimes you may get into financial hardships whilst you are servicing a loan. This could be as a result of an unforeseen expenditure or a swinging income. This could lead to delayed remittances or even total failure to service the loan money. These inevitable circumstances often result to your credit ratings taking a plunge. The situation can severely hamper your borrowing power in future. Read More…

Finance Your Car Purchase With A Bad Credit Auto Loan

Friday, July 23rd, 2010

Some of us want that car we envision driving off to the sunset, while others just want a car to get us from point A to point B. While these dreams may seem to differ, they do have one thing in common: how to finance the purchase of these cars. A bad credit auto loan or in general, a car loan, is a personal loan taken out to buy a motor vehicle. There two types of auto loans: a direct car loan where the bank gives the loan directly to the buyer or an indirect car loan where the car dealership acts as an intermediary between the buyer and the financial institution. Read More…

Planning For a Bad Credit Auto Loan

Thursday, July 22nd, 2010

 Before you go and start looking around for a lender to give you bad credit auto loan you should prepare for what lies ahead. This should not only make things easier when the time comes but it will also increase your chance of getting approved for the loan. Being prepared will require time and patience. You cannot prepare to get a bad credit auto loan overnight or even in a week. Read More…